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Narnolia's Shailendra Kumar Foresees 5% Market Dip, Full US-Iran War Due to Gulf Tensions
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Gulf Tensions Could Trigger 5% Market Drop, US-Iran War Likely: Narnolia CIO
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Moneycontrol
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02-03-2026, 06:12
Gulf Tensions Could Trigger 5% Market Drop, US-Iran War Likely: Narnolia CIO
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Narnolia's Shailendra Kumar warns of a potential 5% market correction if Gulf tensions persist without resolution.
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Kumar does not rule out a full-blown US-Iran war, citing the US-Israel strike on Iranian leaders as a crossed red line.
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He notes that the threshold between calibrated strikes and outright war has already been tested, increasing volatility.
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Despite uncertainty, Kumar advises accumulating quality large-cap stocks, as Indian equities have seen 18 months of time correction.
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A 10-15% Nifty return by December 2026 is still a realistic expectation, driven by domestic economic strength and earnings growth.
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